Long-term Focused
We focus on the long-term, analyzing shareholder value creation potential through full cycles and assessing the ability of companies to realize economic-value-added investments in their own businesses.
Quality Oriented
We believe a thorough understanding of micro competitive landscapes and advantages, current and future returns on invested capital, cash flow generation ability and long-term secular growth opportunities is key to formulating long and short investment theses.
Price matters
We seek long exposure to companies which we believe are undervalued relative to our estimates of intrinsic value, and short exposure to those which we believe are overvalued relative to our estimates of intrinsic value.